DSEI Gateway News

Much of the investment will go towards bolstering its air defence and ammunition.  

Countries in the EU have expressed clear interest in taking advantage of the funding instrument.    

New legislation will create a central procurement agency and allow for advance payments to smaller firms, among other things.

The country will spend the money on fighter jets, missile defence systems, and drones, among other things.

The taskforce will help regulate how EU member states are using the defence fund.

The move is part of the president’s efforts to rebuild the military and champion European defence.

Legislative changes must be made to release subsidies and encourage investment, the government said.

This agreement will also tighten collaboration between the EU’s key defence bodies.  

It comes amid a flurry of initiatives designed to invigorate France’s defence industrial base.

Aeronautics and cybersecurity are key focuses of the fund.

Defence competitions are increasingly seeking equipment with both civilian and military applications.

The move marks the latest in a string of initiatives aimed at smaller firms.

The announcement comes as NATO looks to introduce a new 3.5% core defence spending target later this month. 

The SDR serves as a clear and detailed guide to the UK’s defence position and posture.

The changes will help create a clearer division of responsibilities between the armed forces and its procurement division.